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The Science Based Targets initiative (SBTi) has unveiled its initial draft of the Automotive Sector Net-Zero Standard, designed to assist car manufacturers and auto parts suppliers in setting science-based net-zero goals in alignment with global climate change targets. Established in 2015, SBTi aims to make science-based environmental target setting a standard practice for businesses. The…
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The Basel Committee on Banking Supervision, the core global authority for setting banking standards and policies, has unveiled a new framework for regulators to disclose climate-related risks by banks. However, under pressure from the US, the committee opted to make the framework voluntary, potentially diluting its original aim of a mandatory Pillar 3 disclosure framework…
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An estimated investment of more than €240 billion will be necessary by 2050 to fulfil the EU member states’ nuclear energy plans and achieve energy decarbonisation objectives, according to the European Commission’s latest analysis. This estimate accompanies the Commission’s revised nuclear illustrative programme (PINC), which reviews nuclear development trends in the EU. This assessment aligns…
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Carbon management software provider Green Project Technologies has introduced act50, a digital marketplace and supplier engagement platform aimed at aiding companies in reducing and monitoring Scope 3 supply chain emissions. Green Project Technologies, established in 2021, offers a comprehensive web-based platform that integrates carbon accounting, supplier engagement, reporting, and advisory services to assist businesses in…
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Amazon and electricity producer Talen Energy have announced a new long-term Power Purchase Agreement (PPA), under which Talen will supply Amazon with 1.9 GW of power from its Susquehanna nuclear power station in Pennsylvania, destined for Amazon Web Services (AWS) data centres in the area. This deal is the latest among several nuclear agreements by…
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The IFRS Foundation announced today that 36 jurisdictions have adopted or are using the IFRS Sustainability Disclosure Standards (ISSB Standards), with 17 having finalised their approach. This announcement signifies ongoing progress in expanding ISSB-based sustainability requirements. In November 2024, a report indicated that 30 jurisdictions were moving towards adopting these standards, following a May 2024…
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The US Environmental Protection Agency (EPA) has announced plans to repeal a set of regulations designed to reduce greenhouse gas emissions and pollution from fossil fuel-based power plants. The EPA claims that these emissions “do not contribute significantly to dangerous air pollution” as defined by current regulations. The electric power sector is responsible for about…
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Family care support boosts productivity, loyalty, and wellbeing at work
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Broadridge Financial Solutions and sustainability software provider Novisto have announced a partnership to introduce new sustainability data management and reporting solutions for businesses. This collaboration responds to the growing complexity of global regulations and the increasing demand for consistent sustainability reporting standards. Ryan Wade, General Manager, Broadridge Corporate Issuer, stated: “With continued focus from investors…
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A recent report from the University of Nottingham, in collaboration with law firm Browne Jacobson, reveals that UK organisations are steadfast in their commitment to Environmental, Social, and Governance (ESG) criteria and sustainability, despite political changes in the UK and US. The study, which surveyed nearly 250 entities across the private and public sectors, found…